A Family Approach To The Law

August 2017 Archives

On behalf of of Lynch Law Offices, P.C. posted in Chapter 13 on Friday, August 25, 2017.

Bankruptcy filings can a take a bit of time to put together properly. However, there are those in Illinois who may not have all the time in the world to wait. Sometimes, due to creditor threats of foreclosure or repossession -- among other things -- there is a need to file for Chapter 13 bankruptcy protections immediately. If you are in such a position, an emergency filing may be right for you.

On behalf of of Lynch Law Offices, P.C. posted in blog on Thursday, August 24, 2017.

You and your family have been struggling with finances for a while. You are unable to make your credit card payments, creditors are constantly calling you and now your house is being threatened with foreclosure. The prospect of bankruptcy has concerned you for some time, but you could never bring yourself to file for it.

On behalf of of Lynch Law Offices, P.C. posted in Chapter 7 on Thursday, August 17, 2017.

One of the first questions that those who are contemplating filing for Chapter 7 bankruptcy in DuPage County may have is whether or not they will lose their homes. For most people, their homes are their most valuable assets. Thus, their concerns over whether or not that asset might be liquidated to repay creditors as part of a Chapter 7 case may be well-founded. However, allowances are made for people filing for bankruptcy to protect their interests in certain assets. Perhaps the most well-known is the homestead exemption.

Ask many Illinois residents about their estate planning efforts, and the answer is likely to be a laugh and a shrug. Many people are under the impression that unless they have a massive base of wealth, they have no need for estate planning and probate. That approach, however, is flawed, and fails to consider the many benefits of having a comprehensive estate plan.

Following the death of a loved one, family members may be pleasantly surprised to learn that the departed has left them a significant inheritance. For those in Illinois who are struggling financially, any asset gained has the potential to change the direction of their lives. However, one family in another state learned that without legal guidance, estate planning and probate may have unintended results.

Selling your home here in Illinois can be a long and arduous process. Residential real estate transactions come with many moving parts, and you may need help in order to avoid a costly mistake. It makes sense to carefully consider your options before making any decisions as you embark on this endeavor.

As the summer heats up, so does the real estate market in cold weather states like Illinois. According to CNBC, home sales are on the rise again recently, and there isn't enough existing housing to meet the market demand. Although it is a seller's market, listing a home still comes with its fair share of uncertainty. Taking the steps necessary to ensure a smooth process is often easier said than done. What is there to know about selling a home?

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.